CALIFORNIA  STATE  BOARD  OF  ACCOUNTANCY 


INFORMATION 

IN  REGARD  TO 

Examinations  for  Certified 
Public  Accountants 

Issued  by 

State  Board  of  Accountancy 

San  Francisco,  California 

AUGUST,  1920 


6410 


CALIFORNIA  STATE  PRINTING  OFFICE 
SACRAMENTO 

19  2  0 


MEMBERS 


OF  THE 

STATE  BOARD  OF  ACCOUNTANCY 

Jno.  F.  Forbes,  President 
Crocker  Building 
San  Francisco 

Reynold  E.  Blight,  Vice  President 
1020  Washington  Building 
Los  Angeles 

B.  Walker  Bours 
Crocker  Building 
San  Francisco 

Prentiss  Maslin 
City  Hall 
Sacramento 

William  Dolge,  Secretary-Treasurer 
311  California  Street 
San  Francisco 


S’ A  ^  H  -L/v 


4.5T 

C.\1L 


PREFACE. 

What  is  a  C.  P.  A? 

What  does  he  do  ? 

How  may  I  become  a  California  C.  P.  A  ? 

To  answer  these  questions,  to  the  end  that  public  and  private  under¬ 
takings  may  be  served  by  increasing  numbers  of  qualified  accountants, 
this  booklet  has  been  prepared. 


THE  LAW. 

Sec.  3  (see  page  23)  provides:  Any  citizen  *  *  #  may  apply  for 
examination  *  *  *  and  upon  issuance  and  receipt  of  such  certificate,  and 
during  the  period  of  its  existence,  or  any  renewal  thereof,  he  shall  be 
styled  and  known  as  a  Certified  Public  Accountant  or  Expert  of 
Accounts,  and  no  other  person  shall  be  permitted  to  assume  and  use 
such  title  or  to  use  any  words,  letters  or  figures  to  indicate  that  the 
person  using  the  same  is  a  Certified  Public  Accountant. 


THE  FUNCTION  OF  THE  PUBLIC  ACCOUNTANT. 


The  experienced  bookkeeper  is  or  should  be  truly  expert  in  his  work, 
but  ability  to  add  a  column  of  figures  rapidly  is  not  an  absolutely 
essential  qualification  (however  desirable  as  a  personal  attribute)  of 
the  public  accountant. 

The  public  accountant  is  a  counsellor  on  matters  of  finance  and 
accounts.  If  to  the  technical  knowledge  of  his  work  he  has  added  a 
wide  general  knowledge,  his  statement  of  facts  in  an  audit,  his  con¬ 
clusions  and  opinions  in  an  examination,  the  accounting  and  business 
procedure  devised  by  him  will  be  correspondingly  more  valuable  to  his 
client. 

As  the  architect  is  supplemented  by  the  carpenter,  so  the  accountant 
is  supplemented  by  the  bookkeeper.  The  accountant  designs,  installs 
and  inspects  (audits)  a  system  of  accounts,  the  bookkeeper  maintains 
or  operates  the  system. 

While  closely  related,  the  two  branches  of  the  public  accountant’s 
work,  auditing  and  the  devising  of  business  and  accounting  procedures, 
call  for  widely  different  faculties. 

The  successful  auditor  is  keenly  analytical,  thoroughly  familiar  with 
the  theory  of  accounts  as  applied  in  modern  business  practice,  and  well 
grounded  in  the  fundamental  principles  of  the  law  that  relate  to  the 
work  undertaken  by  him.  Auditing  may  be  defined  as  the  inspection 
and  examination  of  accounts,  and  if  the  scope  and  purpose  of  the  audit 
is  limited,  as  in  banking,  insurance,  and  in  many  branches  of  railroad 
and  public  utility  auditing,  the  broad  knowledge  required  of  the  Certi¬ 
fied  Public  Accountant  as  an  auditor  will  not  be  found  imperatively 
necessary. 

The  successful  deviser  of  business  and  accounting  procedures  has 
the  knowledge  of  the  auditor  and  in  addition  to  constructive  ability,  a 
high  degree  of  imagination. 

But  the  public  accountant  must  have  more  than  technical  ability,  he 
must  be  able  to  present  the  result  of  his  examination  in  financial  state¬ 
ments  which  are  intelligible  to  his  client,  and  his  written  comment  or 
report  must  be  expressed  in  clear  and  concise  language.  It  is  not  suf¬ 
ficient  that  the  accounting  has  been  honest,  and  that  the  statements 
presented  are  correct — they  must  be  presented  so  graphically  that  the 
layman  will  understand  their  intent  and  purpose,  and  be  able  to  draw 
correct  conclusions  from  the  data  submitted. 

The  once  widespread  belief  that  the  work  of  the  public  accountant  is 
chiefly  the  discovery  of  defalcations,  embezzlements,  falsification  of 
*  records,  etc.,  is  gradually  being  corrected.  Audits  at  frequent  inter¬ 
vals  in  large  undertakings,  annually  or  perhaps  semiannually  in 
smaller  enterprises,  undoubtedly  provide  the  proverbial  ‘‘ounce  of 


—  5  — 


prevention”  in  the  moral  effect  these  examinations  have  upon  the 
clerical  staff,  but  the  chief  value  of  an  audit  to  the  client  lies  in  the 
presentation  to  him,  by  unbiased  and  unprejudiced  authority,  of  a 
concise  statement  of  financial  condition,  a  clear  statement  of  operations, 
and  sagacious  comment  thereon. 

The  public  accountant’s  work  is  constructive.  An  analysis  of  con¬ 
ditions  by  a  qualified  public  accountant  directs  attention  to  the  ‘  ‘  leaks  ’  ’ 
and  the  necessary  means  for  turning  a  loss  into  a  profit.  Increasingly 
bankers  are  recommending  public  accountants  to  their  customers, 
attorneys  are  calling  upon  accountants  to  aid  them  in  the  solution  of 
-  technical  questions  arising  in  the  preparation  of  partnership  and  other 
"contracts,  in  partnership  dissolutions,  in  estate  matters,  in  corporation 
organization,  consolidations,  etc.,  and  in  other  matters  affecting  the 
financial  welfare  of  their  clients. 

It  is  now  recognized  that  questions  of  financial  import  are  not  “mere 
matters  of  bookkeeping,  ’  ’  and  that  competent  and  authoritative  opinion 
on  accounting  is  as  valuable  as  corresponding  competent  opinion  in 
legal  matters.  The  preference  given  by  the  Federal  Reserve  Board  to 
“certified  paper,”  i.e.,  commercial  paper  backed  by  a  Balance  Sheet 
certified  as  correct  by  a  Certified  Public  Accountant,  over  uncertified 
paper,  the  recognition  of  Certified  Public  Accountants  by  the  courts 
and  public  service  commissions  in  all  accounting  matters,  their  employ¬ 
ment  in  many  branches  of  the  Federal  Government,  their  service  to 
the  public  in  the  preparation  of  Income  and  War  Tax  returns,  are 
indications  of  the  demands  that  are  made  upon  them  and  of  the 
importance  of  the  work  done  by  them. 

Examinations  for  the  C.  P.  A.  certificate  can  at  most  only  be  a  test 
of  the  candidate ’s  technical  knowledge.  The  examination  requirements 
appear  severe  to  those  not  familiar  with  the  magnitude  of  the  subject 
and  to  those  really  capable  bookkeepers  who  call  themselves  accountants 
because  they  have  thoroughly  mastered  the  principles  of  double-entry 
bookkeeping  and  their  application  in  one  or  more  systems  of  accounts, 
but  who  are  otherwise  unfamiliar  with  the  broad  field  covered  by  the 
term  “Theory  of  Accounts.” 

The  door  is  wide  open  and  the  demand  for  qualified  accountants  is 
constantly  increasing.  Resident  instruction  in  accounting  (so-called 
higher  accounting)  is  available  at  the  University  of  California,  at 
Leland  Stanford  Junior  University,  at  night  schools  in  Los  Angeles 
and  in  San  Francisco.  Correspondence  instruction  is  offered  by 
numerous  institutions  throughout  the  country.  All  of  these  courses 
have  merit  and  if  supplemented  by  practical  experience  on  actual 
accounting  work,  will  measurably  aid  the  candidate  in  his  endeavors  to 
gain  the  coveted  title  of  C.  P.  A. 


2—6410 


—  6 


EXAMINATION  REQUIREMENTS. 

It  is  the  desire  of  the  California  State  Board  of  Accountancy  that 
certificates  granted  by  this  board  shall  continue  to  rank  equal  to  or 
higher  than  those  of  other  states.  The  higher  the  standard  of  the 
examinations  set  by  the  board,  the  more  valuable  the  right  of  the  suc¬ 
cessful  candidate  to  designate  himself  a  Certified  Public  Accountant. 

Within  the  last  decade  there  have  been  many  valuable  contributions 
to  the  literature  of  accountancy.  Authoritative  and  complete  infor¬ 
mation  is  available  on  many  subjects  to  the  student  today,  the  very  ele¬ 
ments  of  which  were  unattainable  by  the  practicing  accountant  a  few 
years  ago. 

The  candidate  will  be  presumed  to  have  a  thorough  knowledge  of 
English  grammar  and  construction.  There  will  be  no  examination 
paper  in  English,  but  the  candidate  must  be  able  to  express  himself 
clearly  and  concisely. 

Examinations  will  be  held  in  May  and  November  of  each  year  under 
the  joint  auspices  and  control  of  the  California  State  Board  of  Account¬ 
ancy  and  the  American  Institute  of  Accountants,  uniform  with  similar 
examinations  held  in  other  states  at  the  same  times. 

GENERAL  ACCOUNTING. 

This  head  includes  the  questions  and  problems  set  under  the 
designated  headings  of  “Auditing”  and  “Accounting  Theory  and 
Practice”  (Theory  of  Accounts  and  Practical  Accounting).  The  can¬ 
didate  will  be  presumed  to  have  thorough  knowledge  of  the  theory  of 
and  application  of  accounts,  the  various  forms  of  business  organizations 
(sole  traders,  partnerships,  corporations,  etc.)  the  methods  under 
which  they  are  administered,  the  manner  of  conducting  audits  and  to 
be  prepared  to  examine  and  to  report  on  all  matters  relating  to  accounts 
or  accounting  practice.  Familiarity  with  the  elements  of  actuarial 
science  and  a  general  knowledge  of  government,  economics  and  finance 
are  essential. 

The  examination  will  be  based  chiefly  upon  the  following  subjects: 

T  rading. 

Accounting  Organization  and  Administration  of  Wholesale,  Jobbing, 
Distributing  and  Retail  Establishments : 

Financial  Accounts  Audits 

Stock  Accounts  Income  Tax  Returns 

Cost  Accounts 

Manufacturing. 

Accounting  Organization  and  Administration  of  Manufacturing  Estab¬ 
lishments  : 

Financial  Accounts  Depreciation 

Manufacturing  Costs  Income  Tax  Returns 

Stock  Accounts  Audits 


7  — 


Mining. 

Accounting  Organization  and  Administration  of  Gold,  Coal,  Iron, 
Precious  Stones  and  other  mines,  Oil  Wells: 

Financial  Accounts  Depreciation 

Mining  Costs  Income  Tax  Returns 

Audits  Depletion 


Public  Utilities. 

Water  Electric  Power 

Railroads  Telephone  Elevators 

Street  Railroads  Telegraph  Irrigation 

Gas  Pipe  Lines 

Accounting  Organization  and  Administration : 

Capital  Accounts 

Revenue  and  Operating  Accounts 

Balance  Sheets,  Audits,  Interstate  Commerce  and  Railroad  Com¬ 
mission  requirements 
Depreciation 
Income  Tax  Returns 


Banking. 

National  Banking  System — Federal  Reserve  Bank 
State  Banks  in  California 

Savings  Banks  and  Building  and  Loan  Associations 

Trust  Companies 

Brokers — Note,  Bond,  Stock 

Foreign  Exchange. 


Accounting  Organization  and  Administration 

Nature  of  Accounts  of  Each 

Nature  of  Audits  and  Method  of  Procedure 


Insurance. 

Life  Compensation  Fidelity 

Fire  Accident  Other  Forms 

Marine 

Organization  of  Mutual  Companies 
Organization  of  Stock  Companies 
Accounting  Organization  and  Administration 
Reserves 

Income  Accounts 
Balance  Sheets 

Audits — including  Agency  and  Broker  ’s  Office  Audits. 

Governmental. 

Federal  District  County 

State  Municipal 

Public  and  Private  Accounts 
Revenue  and  Expenditure 
'Appropriations 

Budgets  Funds 

Balance  Sheets 

Audits  of  Municipally  owned  Utilities 


—  8  — 


M  iscellaneous. 

Decedents’  Estates 
Minors’  Estates 

Contractors’,  Hotel  and  Theatrical  Accounts 
Bankrupt  Estates 

Clubs  and  Fraternal  Organizations 
Charitable  Institutions 
Accounts  Professional  Men 
Shipping  and  Single  Ship  Ventures 
Consolidations  and  Mergers 
Bond  Issues,  Amortization,  etc. 

COMMERCIAL  LAW. 

Much  weight  will  be  attached  to  the  papers  under  the  heading  of 
11  Commercial  Law.” 

The  candidate  should  be  well  grounded  in  the  fundamental  prin¬ 
ciples  of  those  branches  of  the  law  that  relate  to  work  usually  under¬ 
taken  by  the  public  accountant. 

These  are  considered  under  the  following  headings:  Contracts, 
Partnership,  Corporations,  Real  Estate  and  Personal  Property, 
Decedents,  Estates,  Landlord  and  Tenant,  Banking,  Insurance,  Evi¬ 
dence,  Fraud,  Agency,  Negotiable  Instruments. 

In  addition  to  familiarity  with  the  leading  principles  of  the  law,  the 
candidate  is  expected  to  be  familiar  with  the  California  statutes  per¬ 
taining  to  the  above  subjects.  The  candidate  must  be  well  informed 
upon  the  several  kinds  of  corporations,  purposes  for  which  they  may 
be  created,  and  the  laws  pertaining  to  their  organization,  incorporation, 
their  powers,  management,  dissolution,  rights  and  obligations  of  officers, 
directors,  stockholders,  or  members,  and  their  creditors. 

Thorough  knowledge  of  the  Federal  Income  and  War  Tax  Laws  and 
of  the  California  Tax  Law,  of  the  account  classifications  and  require¬ 
ments  prescribed  by  the  Interstate  Commerce  Commission,  and  by  the 
Railroad  Commission  of  California,  is  expected. 

The  candidate  is  also  presumed  to  be  familiar  with  the  requirements 
of  the  Federal  Reserve  Bank  Act,  of  the  State  Banking  Law,  Building 
and  Loan  Association  Law,  Investment  Companies  Act  (Blue  Sky 
Law),  as  well  as  Bankruptcy  Law. 

No  single  examination  can  cover  the  entire  range  of  subjects  here 
indicated.  Candidates  must  expect  to  be  examined  in  the  law  and 
accounting  affecting  Manufacturing,  Trading  and  Public  Utility  under¬ 
takings.  Attention  is  directed  to  specimen  questions,  to  the  bibliog¬ 
raphy  to  be  found  upon  the  succeeding  pages,  as  well  as  to  the  rules 
governing  applications  and  examinations. 


—  9  — 


SPECIMEN  QUESTIONS, 


AUDITING. 

10  questions.  Time  allowance — 3J  hours. 

What  do  yon  understand  to  be  meant  by  a  balance  sheet  audit  ?  What 
is  its  scope?  (June,  1917.) 

What  steps  should  an  auditor  take  to  ensure,  as  far  as  possible,  that 
accounts  presented  to  him  for  audit  contain  all  the  liabilities  of  the 
company?  (June,  1917.) 

IIow  would  you  proceed  in  a  cash  audit  of  a  club  or  fraternal  order  to 
ascertain  whether  the  treasurer  had  charged  himself  with  all  the  dues 
paid  by  members  to  him?  (November,  1917.) 

What  different  classes  of  obligations  and  liabilities  should  be  disclosed 
in  an  audit  for  credit  purposes?  How  would  you  verify  those 
recorded  on  the  books  and  how  would  you  try  to  discover  any  not  so 
recorded?  (November,  1917.) 

In  auditing  the  accounts  of  a  trustee  under  a  will,  what  special  matters 
require  to  be  dealt  with  which  do  not  arise  in  the  audit  of  a  business 
concern?  (November,  1917.) 

Give  either  the  classification  of  notes  and  accounts  receivable  sug¬ 
gested  in  the  Federal  Reserve  Bulletin  for  April,  1917,  for  use 
in  audited  statements  for  credit  purposes,  or  an  alternative 
classification.  (May,  1918.) 


COMMERCIAL  LAW. 

10  out  of  16  to  18  questions.  Time  allowance  3i  hours. 

What  is  the  purpose  of  a  protest  ?  What  instruments  must  be  and 
what  may  be  protested?  What  instruments  need  no  protest? 
(November,  1917.) 

What  does  a  seller  impliedly  warrant  in  the  sale  of  a  chattel? 
(November,  1917.) 

What  is  meant  by  cumulative  voting?  Describe  and  state  when  it  is 
frequently  practiced.  (November,  1917.) 

A  and  B  are  partners.  A  dies.  The  assets  are  found  to  be  worth  only 
75%  of  the  liabilitiees  in  liquidation.  A’s  estate  is  solvent  while  B 
is  insolvent.  What  are  the  rights  of  the  firm’s  creditors  against  A’s 
assets  not  invested  in  the  partnership,  and  what  are  the  rights  of  B ’s 
personal  creditors  as  to  the  partnership  assets?  State  the  rule 
governing  such  cases.  (November,  1917.) 

What  are  the  provisions  of  the  income  tax  and  war  tax  laws  as  to  the 
deduction  from  profits  of  the  amounts  paid  for  income  tax  and  war 
or  excess  profits  tax  during  the  fiscal  or  calendar  year?  (May, 
1918.) 


—  10  — 


ACCOUNTING  THEORY  AND  PRACTICE. 

Two  Parts — Required  solution  of  four  problems  and  six  to  eight  questions  in  theory. 

Time  allowance,  two  sessions,  four  hours  each. 

During  the  year  ended  December  31,  1917,  the  A.  B.  C.  Cotton  Mills 
produced  3,893,000  pounds  of  finished  product.  There  were  turned 
into  the  mill  during  the  year  4,250,000  pounds  of  cotton,  costing 
$750,000.00,  and  175,000  pounds  of  yarn,  costing  $60,000.00.  The 
stock  in  process  at  the  beginning  of  the  year  amounted  to  150,000 
pounds  valued  at  $20,000.00,  and  at  the  end  of  the  year  to  200,000 
pounds  valued  at  $60,000.00.  Waste  produced  during  the  year  was 
420,000  pounds  and  realized  $26,000.00.  The  factory  expenses  were : 
Superintendence,  $5,000.00;  labor,  $160,000.00;  fuel,  $20,000.00;  oil, 
$1,500.00;  mill  supplies,  $12,500.00;  burlap,  $4,500.00,  and  starch 
and  sizing,  $7,500.00.  For  its  finished  product  sold  the  company 
realized  $1,250,000.00.  On  the  first  of  the  year  the  value  of  the 
finished  product  on  hand  amounted  to  $26,000.00,  and  at  the  end 
of  the  year  to  $78,000.00.  The  selling  expenses  of  the  company 
amounted  to  $80,000.00,  its  general  expenses  to  $22,500.00,  and  its 
extraordinary  expenses  not  applicable  to  the  cost  of  production  to 
$50,000.00. 

Prepare  a  comprehensive  income  account  covering  the  year’s 
operations  and  give  statistics  as  to  the  sales  and  cost  of  production 
per  pound  by  items  with  the  invisible  gain  or  loss  during  the  year  on 
cotton  passing  through  the  mill.  (May,  1918 — Part  I.) 

With  what  accounts  of  a  bankrupt  company  would  you  open  the  books 
of  a  receiver?  State  your  reasons  for  so  doing.  (May,  1918 — 
Part  I.) 

Name  two  methods  of  distributing  the  overhead  or  indirect  expense  of 
a  factory  so  as  equitably  to  transfer  such  expense  to  the  cost  of  the 
different  articles  manufactured.  What  advantage  has  either  method 
over  the  other?  (May,  1918 — Part  2.) 

What  are  specification  costs?  What  are  their  special  advantages  and 
disadvantages  ?  (November,  1947 — Part  2.) 

The  prospective  purchaser  of  a  business  employs  you  to  examine  the 
accounts.  What  important  facts  should  you  give  your  client  in  such 
a  case?  (November,  1917 — Part  2.) 

Note. — Copies  of  examination  questions  may  be  had  upon  remittance  of  15  cents 

per  set  in  stamps  to  the  Secretary,  311  California  Street,  San  Francisco. 


BIBLIOGRAPHY. 


Valuable  articles  appear  in  the  “Journal  of  Accountancy,”  the 
official  organ  of  the  American  Institute  of  Accountants,  $3.00  a  year, 
published  by  the  Ronald  Press  Company,  20  Vesey  Street,  New  York, 
who  also  make  a  specialty  of  publishing  books  on  accounting  subjects. 
“The  Accountant”  and  the  “Incorporated  Accountants  Journal,”  both 
published  in  London,  England,  contain  many  articles  of  importance 
and  interest  to  American  students.  Most  of  the  important  works  will 
be  found  in  the  accounting  library  of  the  Mechanics  Institute  (San 
Francisco)  ;  the  accountancy  library  of  the  University  of  California  is 
very  complete. 

A  short  list  of  standard  works  upon  accounting  here  follows.  Those 
starred  (#)  are  especially  recommended  to  the  attention  of  candidates. 


Barrett,  Albert  R - Modern  Banking  Methods.  New  York,  1908. 

Brinton,  Willard  - Graphic  Methods.  New  York,  1914. 

Baugh,  Frederick  H _ Theory  and  Practice  of  Estate  Accounting.  Balti¬ 

more,  1910. 

Bennett,  R.  J - Corporation  Accounting.  New  York,  1917. 

Bentley,  Harry  C - Science  of  Accounts.  New  York,  1911. 

Bentley,  Harry  C - Corporate  Finance  and  Accounting.  New  York, 

1911. 

Brown,  Richard* - History  of  Accountants  and  Accounting.  Edin¬ 

burgh,  1905. 

Chamberlain,  Lawrence* _ Principles  of  Bond  Investment.  New  York,  1911. 

Cleveland,  Frederick  A - Municipal  Administration  and  Accounting.  New 

York,  1909. 

Cole,  William  Morse - Accounts  ;  Their  Construction  and  Interpretation. 

Boston,  1908. 

Cox,  Henry  C.* - - - Classified  C.  P.  A.  Problems  and  Solutions.  New 

York,  1916. 

Day,  Clarence  Monroe - Accounting  Practice.  New  York,  1908. 

Dicksee,  L.  R - Bookkeeping  for  Accountant  Students.  Seventh 

Edition.  London,  1913. 

Dicksee,  L.  R.* - Advanced  Accounting.  Fourth  Edition.  London, 

1911. 

Dicksee,  L.  R. - - - Goodwill  and  Its  Treatment  in  Accounts.  Third 

Edition.  London,  1906. 

Dicksee,  L.  R. - Auditing  (American  Edition),  edited  by  Robert  H. 

Montgomery,  C.  P.  A.  New  York,  1909. 

Dickenson,  A.  Lowes* - - - Accounting  Practice  and  Procedure.  New  York, 

1914. 

Esquerre,  Paul  Joseph - The  Applied  Theory  of  Accounts.  New  York,  1917. 

Greendlinger,  Leo - Accountancy  Problems.  New  York,  1911.  Two 

volumes. 

Hardcastle,  Joseph - Accounts  of  Executors  and  Trustees.  New  York, 

1903. 

Hatfield,  Henry  Rand* - Modern  Accounting.  New  York,  1912. 

Kirkbride  (F.  B.)  &  Sterrett 

(J.  E.)  - The  Modern  Trust  Company.  New  York,  1908. 

Klein,  J .  J - Elements  of  Accounting.  New  York,  1915. 

Leake,  B.  D - Depreciation  and  Wasting  Assets.  London,  1912. 

Leonhauser,  U.  R - Municipal  Accounting.  New  York,  1913. 


—  12  — 


Lisle,  George* - 

Montgomery,  Robert  H.*. 

Nicholson,  J.  Lee - 

Nicholson,  J.  Lee _ 

Patten,  Claudius  P _ _ 

Pixley,  Francis _ 

Pixley,  Francis _ 

Rahill,  J.  J _ 

Stockwell,  Herbert  G _ 

Rae,  George _ 

Rosenthal,  Henry  S - 


Rowe,  H.  M _ 

Sprague,  C.  E.* - 

Sprague,  C.  E.* - 

Wolfe,  Herbert  S - 

Webner,  F.  E - 

Webner,  F.  E _ 

Wildman,  John  R _ 

Encyclopedia  of  Accounting 


.  Accounting  in  Theory  and  Practice.  London,  1909. 

.  Auditing  Theory  and  Practice.  New  York,  1917. 

.  Factory  Organization  and  Costs.  New  York,  1911. 

.  Costs  Accounting,  Theory  and  Practice.  New  York, 
1913. 

Methods  of  Practical  Banking. 

Accountancy.  London,  1911. 

Auditors ;  Their  Duties  and  Responsibilities.  Two 
volumes.  London,  1906. 

Corporation  Accounting  and  Corporation  Law.  New 
York  (out  of  print). 

Net  Worth  and  the  Balance  Sheet.  New  York,  1912. 

The  Country  Banker. 

Building,  Loan  and  Savings  Associations.  Third 
Edition.  Chicago,  1911. 

Bookkeeping  and  Accountancy.  Baltimore,  1911. 

The  Philosophy  of  Accounts.  New  York,  1908. 

The  Accountancy  of  Investment.  Fourth  Edition. 
New  York,  1907. 

The  Examination  of  Insurance  Companies  New 
York,  1910. 

Factory  Costs.  New  York,  1911. 

Factory  Accounting.  Chicago,  1917. 

Cost  Accounting.  New  York,  1911. 

Edited  by  Geo.  Lisle.  Eight  volumes.  Edinburgh, 
1903-8. 


The  Accountants  Library,  London.  A  series  of  some  forty  volumes  treating  on 
special  branches  of  accounting  gives  many  forms  applicable  to  the  particular 
needs  of  various  classes  of  establishments. 

The  Ronald  Accounting  Library,  New  York.  A  series  of  volumes  on  accounting  in 
theory  and  practice  by  American  authorities. 

Interstate  Commerce  Commission  Division  of  Statistics  and  Accounts.  Accounting 
Series. 

(The  above  documents  formulate  and  explain  the  rules  of  the  Commission 
applicable  to  railways.) 

Railroad  Commission  of  California.  Classification  of  accounts  for  public  service 
corporations. 

Treasury  Department  of  the  United  States.  Decisions  and  Rulings  on  Income  and 
War  Tax  Law. 

Bush,  Coleman  Hall* _ Uniform  Business  Law.  Baltimore,  1915. 

Corporation  Trust  Co _ Income  and  War  Tax  Service.  New  York. 

Huffcut,  Ernest  W. - Elements  of  Business  Law.  Boston,  1905. 

Sullivan,  J.  J - American  Business  Law.  New  York,  1909. 

Williston  Samuel _ Commercial  Law  prepared  for  Am.  Inst,  of  Bank¬ 

ing.  New  York,  1915. 

State  of  California _ Civil  Code,  Political  Code,  Code  of  Civil  Procedure. 

Federal  Reserve  Board _ Uniform  Accounting.  April,  1917. 

King,  George  _ Institute  of  Actuaries  Text  Book. 

Dawson,  Miles  M _ Practical  Lessons  in  Actuarial  Science. 

Glen,  Ninian  _ Manual  of  Actuarial  Science. 

Robertson  (Wm.  A.)  &  Ross 

(Fred  A.)  _ Actuarial  Theory. 


—  13  — 


RULES  GOVERNING  EXAMINATIONS  OF  CANDIDATES  FOR 
C.  P.  A.  CERTIFICATE. 

1.  Examinations  will  be  held  in  May  and  in  November  of  each  year  at 

San  Francisco  and  at  Los  Angeles, 

2.  Examinations  will  be  held  under  the  joint  auspices  and  control  of 

the  California  State  Board  of  Accountancy  and  the  American 
Institute  of  Accountants,  uniform  with  similar  examinations  held 
in  other  states  at  the  same  times. 

3.  Every  application  for  examination  must  be  made  on  a  form  pro¬ 

vided  by  the  board  and  no  application  shall  be  filed  by  the  secre¬ 
tary-treasurer  unless  accompanied  by  the  statutory  fee  of  $25.00. 

4.  Every  candidate  shall  file  his  application  with  the  secretary-treas¬ 

urer  at  least  thirty  days  prior  to  the  time  set  for  holding  of  an 
examination. 

5.  The  secretary-treasurer  shall  file  and  preserve  the  application 

among  the  records  of  the  board,  enter  upon  the  books  of  the 
board  the  receipt  of  same  and  of  the  fee  and  deliver  to  the  can¬ 
didate  a  receipt  on  a  printed  form  provided  by  the  board. 

6.  The  secretary-treasurer  shall  notify  the  candidate  of  the  time  and 

place  appointed  for  holding  an  examination,  immediately  when 
they  are  so  appointed. 

7.  At  least  three  references  for  the  ascertainment  of  his  character 

must  be  given  by  every  applicant  in  his  application  and  no  per¬ 
son  will  be  granted  a  certificate  of  Certified  Public  Accountant 
unless  the  board  is  satisfied  from  such  inquiry  as  it  may  see  fit  to 
make  that  he  is  possessed  of  good  moral  character. 

8.  Every  candidate  for  the  certificate  of  Certified  Public  Accountant 

must  have  an  education  equivalent  to  that  of  a  graduate  of  a  high 
school  accredited  by  the  University  of  California. 

9.  Every  candidate  must  have  had  at  least  three  years  accounting 

experience,  at  least  two  years  of  which  shall  have  been  in  the 
office  of  a  Certified  Public  Accountant  or  in  equivalent  experi¬ 
ence  upon  actual  accounting  work. 

10.  Candidates  without  the  required  two  years  experience  in  the  office 

of  a  Certified  Public  Accountant  will  be  permitted  to  take  the 
examination,  but  no  certificate  will  be  issued  until  the  successful 
candidate  has  completed  the  required  two  years  experience  on 
actual  accounting  work. 

11.  Every  candidate  for  the  certificate  of  Certified  Public  Accountant 

shall  be  subjected  to  an  examination  which  shall  be  wholly  in 
writing  upon  forms  furnished  by  the  board. 


—  14  — 

12.  Every  written  examination  paper  must  be  completed  within  the 

time  allotted  by  the  committee  on  examination  but  such  time 
limit  as  to  the  whole  examination  shall  not  be  less  than  two  days 
of  six  hours  each. 

13.  In  order  to  entitle  a  candidate  to  recommendation  for  the  cer¬ 

tificate,  he  must  secure  a  grade  of  at  least  75  per  cent  in  each 
subject  in  which  he  is  examined. 

14.  In  the  event  of  a  candidate  receiving  a  grade  , of  75  per  cent  or  bet¬ 

ter,  in  two  or  more  subjects,  he  may  make  application  within 
twelve  months  in  the  usual  manner  for  examination,  and  the 
board  at  its  option  may  permit  his  examination  to  be  confined  to 
those  subjects  in  which  he  failed. 

15.  In^vent  of  applicant  failing  to  pass  the  examination  an  additional 

fee  of  $25.00  shall  be  required  for  a  subsequent  examination, 
without  regard  to  the  number  of  subjects  in  which  the  candidate 
is  examined. 

16.  Before  commencing  the  examination  each  candidate  must  select  a 

number  which  must  be  delivered  to  the  committee  on  examina¬ 
tion,  sealed  in  an  envelope  together  with  his  name. 

17.  Every  examination  paper  must  have  the  number  selected  by  the 

candidate  noted  thereon. 

18.  Papers  must  be  delivered  to  the  committee  on  examinations  on  or 

before  the  close  of  the  time  allotted  for  completion. 

19.  At  the  option  of  the  candidate  examination  papers  will  also  be 

graded  by  the  Board  of  Examiners  of  the  American  Institute  of 
Accountants  to  count  as  partial  satisfaction  of  admission  require¬ 
ments. 

20.  All  examination  papers  remain  the  property  of  the  board,  and  none 

will  be  returned  to  the  candidate. 

RULES  GOVERNING  LICENSED  CERTIFIED  PUBLIC  ACCOUNTANTS. 

21.  Every  certificate  or  renewed  certificate  of  Certified  Public  Account¬ 

ant  shall,  while  it  remains  in  the  possession  of  the  grantee, 
always  be  kept  by  him  in  a  conspicuous  place  in  his  office  or  place 
of  business.  But  such  certificates  shall  nevertheless  always 
remain  the  property  of  the  board  and  in  the  event  that  the  cer¬ 
tificate  is  not  annually  renewed  as  required  by  the  act  creating 
the  board  or  is  revoked  for  cause  in  the  manner  prescribed  it 
shall  be  forthwith  delivered  by  the  holder  into  the  hands  of  the 
secretary-treasurer  of  the  board  on  demand ;  and  in  the  event  of 
his  refusal  or  failure  to  do  so  the  board  reserves  the  right  in  a 


—  15  — 


lawful  manner  through  any  of  its  officers  or  agents  to  enter  any 
place  where  such  certificate  may  be  and  retake  same  into  its  pos¬ 
session.  If  the  certificate  of  any  Certified  Public  Accountant  is 
taken  for  failure  to  renew  the  same  or  is  revoked  and  afterwards 
a  new  certificate  is  granted  him,  he  shall  receive  and  hold  the 
new  certificate  on  the  same  conditions  upon  which  he  received 
and  held  his  former  certificate. 

22.  Every  certificate  except  such  as  have  been  revoked  shall  be  annu¬ 

ally  renewed  as  required  by  the  act  creating  the  board.  Appli¬ 
cation  for  renewal  shall  be  made  by  the  holder  to  the  secretary- 
treasurer  of  the  board  accompanied  by  the  statutory  fee  of  one 
dollar  within  the  month  of  January  each  year.  If  not  so 
renewed  during  the  month  of  January,  it  may  be  taken  from  the 
possession  of  the  holder  in  the  manner  provided  in  Rule  21  and 
unless  before  the  first  day  of  July  in  that  year  an  application  is 
made  to  the  board  for  a  renewal  accompanied  by  the  renewal  fee 
and  an  explanation  satisfactory  to  the  board  of  the  failure  to 
apply  for  a  renewal  during  the  month  of  January,  the  person  so 
delinquent  shall  be  deemed  to  have  renounced  and  abandoned  the 
style  of  Certified  Public  Accountant,  and  his  name  shall  be 
stricken  from  the  roll  of  Certified  Public  Accountants. 

PETITIONS  FOR  REVOCATION  OF  CERTIFICATES  FOR 
UNPROFESSIONAL  CONDUCT. 

23.  Any  person  may  petition  the  board  for  revocation  of  the  certificate 

of  a  Certified  Public  Accountant.  The  petition  shall  set  forth  in 
simple  language  the  facts  upon  which  the  petitioner  grounds  his 
petition.  It  shall  bear  an  affidavit  of  the  petitioner  that  he 
believes  the  matters  of  fact  stated  therein  to  be  true  and  is  pre¬ 
pared  to  prove  them  at  a  hearing  of  the  petition  by  the  board. 
The  petition  accompanied  by  one  true  copy  thereof  shall  be  filed 
in  the  office  of  the  board  and  thereupon  it  shall  be  the  duty  of 
the  secretary-treasurer  forthwith  to  notify  the  president  or  in  his 
absence  the  vice-president  of  the  filing  thereof.  Upon  the  receipt 
of  such  notification  it  shall  be  the  duty  of  the  president  or  vice- 
president  forthwith  to  call  a  meeting  of  the  board  to  consider  the 
petition.  If,  upon  consideration  of  the  petition  at  such  special 
meeting,  a  majority  of  the  members  present  shall  be  of  the  opin¬ 
ion  that  it  states  matters  of  fact  which  if  true  would  be  sufficient 
cause  for  the  revocation  of  the  certificate,  the  board  shall  appoint 
a  time  and  place  not  less  than  ten  days  or  more  than  thirty  days 
thereafter  to  hear  evidence  in  support  of  and  in  opposition  to  the 


—  16  — 


granting  of  the  petition.  The  secretary-treasurer  shall  there¬ 
upon  in  writing  give  notice  of  the  time  and  place  appointed  for 
the  hearing  to  the  petitioner  and  the  person  complained  of  and 
shall  with  the  notice  deliver  to  the  person  complained  of  a  copy 
of  the  petition. 

24.  If  the  person  complained  of  shall  he  a  member  of  the  Board  of 

Accountancy  the  secretary-treasurer  shall  immediately  on  receipt 
of  the  petition  in  writing  notify  him  and  every  member  of  the 
board  of  the  petition  and  the  person  complained  of  shall  there¬ 
after  abstain  from  any  participation  in  any  consideration  of  or 
acts  of  the  board  upon  the  subject  of  the  petition. 

25.  If  the  certificate  of  a  Certified  Public  Accountant  shall  be  revoked 

and  after  its  revocation  he  shall  discover  evidence  which  if  pro¬ 
duced  at  the  hearing  of  the  petition  for  revocation  might  have 
affected  favorably  to  him  the  judgment  of  the  board  he  may 
petition  the  board  to  grant  him  another  hearing.  His  petition 
shall  be  accompanied  by  a  statement  of  the  newly  discovered  evi¬ 
dence  and  if  upon  consideration  of  the  petition  and  the  newly 
discovered  evidence  a  majority  of  the  members  of  the  board  are 
of  the  opinion  that  another  hearing  should  be  granted  they  may 
order  such  new  hearing  to  take  place  not  less  than  ten  nor  more 
than  thirty  days  thereafter  and  appoint  a  place  therefor.  A 
copy  of  the  petition  for  the  new  hearing  and  a  notice  of  the  time 
and  place  appointed  therefor  shall  be  served  by  the  secretary- 
treasurer,  not  less  than  ten  days  prior  to  the  time  appointed,  on 
the  petitioner  upon  whose  petition  the  certificate  was  revoked. 
On  the  new  hearing  the  board  may  make  such  order  restoring 
or  declining  to  restore  the  certificate  as  it  shall  deem  just. 

26.  The  board  may  in  its  discretion  advertise  the  fact  of  the  revocation 

or  restoration  of  a  certificate  as  a  Certified  Public  Accountant 
in  such  newspaper  or  newspapers  and  in  such  manner  and  for 
such  period  as  it  may  direct. 

RULES  FOR  APPLICATIONS  FOR  CERTIFICATE  UNDER  RECIPROCITY 

CLAUSE. 

31.  Every  candidate  for  the  certificate  of  Certified  Public  Accountant 
under  the  Reciprocity  Clause  of  the  Accountancy  Act  of  the 
State  of  California  may  file  his  application  upon  the  form  pro¬ 
vided  with  the  secretary-treasurer,  accompanied  by  the  fee,  at 
any  time,  but  no  application  shall  be  finally  acted  upon  until  at 
least  sixty  days  have  elapsed  after  the  application  has  been  filed. 


—  17  — 


* 


3 


32.  Within  thirty  days  after  the  filing  of  any  application  the  secretary- 

treasurer  of  the  state  board  shall  furnish  to  all  members  thereof 
a  copy  of  said  application  for  their  information.  The  secretary- 
treasurer  shall  file  and  preserve  the  application  among  the 
records  of  the  board,  enter  upon  the  books  of  the  board  the  receipt 
of  same  and  of  having  delivered  to  the  candidate  a  receipt  upon 
a  printed  form  provided  by  the  board. 

33.  The  fee  upon  application  for  the  certificate  of  Certified  Public 

Accountant  shall  be  $25.00.  In  the  event  of  the  application 
being  denied,  the  fee  deposited  shall  be  returned. 

34.  At  least  three  references  for  the  ascertainment  of  his  character 

must  be  given  by  every  applicant  in  his  application  and  no  per¬ 
son  shall  be  granted  the  certificate  of  Certified  Public  Accountant 
unless  the  board  is  satisfied  from  such  inquiry  as  it  may  see  fit  to 
make  that  he  is  possessed  of  good  moral  character. 

35.  Every  candidate  must  file  with  his  application  an  affidavit  certify¬ 

ing  to  the  following  facts : 

(1)  Pull  name. 

(2)  Date  and  place  of  birth.  (Applicant  must  be  a  citizen  of 

the  United  States  or  duly  declared  his  intention  of 
becoming  such.) 

(3)  Residence  and  place  of  business. 

(4)  Preliminary  education.  (Applicant  not  holding  high 

school  certificate  should  submit  equivalent,  as  specified 
in  the  Rules  of  Examination.) 

(5)  Number  of  years  candidate  has  practiced  as  Certified  Pub¬ 

lic  Accountant  or  Chartered  Accountant  in  another 
state  or  nation,  under  a  charter  or  certificate  of  his 
qualifications  to  so  practice,  issued  by  the  proper  author¬ 
ities  of  such  state  or  nation. 

(6)  A  statement  disclosing  the  educational  prerequisite  neces¬ 

sary  in  the  state  or  nation  from  which  he  received  his 
certificate. 

(7)  A  statement  as  to  what  examinations,  if  any,  he  took  in 

order  to  secure  his  certificate. 

36.  No  certificate  shall  be  granted  to  any  applicant  based  upon  a  cer¬ 

tificate  of  any  state  or  nation  where  the  examination  for  said  cer¬ 
tificate  was  waived  by  such  state  or  nation,  unless  such  certifi¬ 
cate  was  granted  prior  to  March  23,  1902,  the  date  upon  which 
admission  by  waiver  ceased  in  the  State  of  California, 

37.  Rules  Nos.  21,  22,  23,  24,  25  and  26  shall  apply  equally  to  candi¬ 

dates  for  admission  from  other  states  or  nations. 


—  18  — 


LIST  OF  STATES  HAVING  C.  P.  A.  LAWS. 

Forty-six  of  the  forty-eight  states  of  the  Union  have  adopted  C.  P.  A. 
laws  within  the  past  twenty-four  years,  as  follows: 

In — 

1896 — New  York. 

1899 —  Pennsylvania. 

1900 —  Maryland. 

1901 —  California. 

1903 —  Washington,  Illinois. 

1904 —  New  Jersey. 

1905 —  Michigan,  Florida. 

1906 —  Rhode  Island. 

1907 —  Utah,  Colorado,  Connecticut. 

1908 —  Ohio,  Louisiana,  Georgia. 

1909 —  Montana,  Nebraska,  Minnesota,  Massachusetts,  Missouri. 

1910 —  Virginia. 

1911 —  West  Virginia,  Wyoming. 

1912 —  Vermont. 

1913 —  Oregon,  North  Carolina,  North  Dakota,  Nevada,  Tennessee,  Delaware, 
Maine,  Wisconsin. 

1915 —  South  Carolina,  Indiana,  Arkansas,  Kansas,  Texas,  Iowa. 

1916 —  Kentucky. 

1917 —  Oklahoma,  South  Dakota,  New  Plampshire,  Idaho. 

1918 —  Alabama,  Arizona. 


Reciprocity  relations  have  been  established  by  the  California  State 
Board  of  Accountancy  with  the  respective  state  boards  in  the  states  of 
Maryland,  Michigan,  Colorado,  Missouri,  Montana,  and  are  pending 
with  other  states. 


V 


—  19  — 


* 


l 


f 


OFFICIAL  LIST  OF  CERTIFIED  PUBLIC  ACCOUNTANTS 
REGISTERED  SEPTEMBER  1,  1920. 


No.  Name  Year  Address. 

3.  Prentiss  Maslin _ 1901  W  City  Hall,  Sacramento,  California. 

4.  Lester  Herrick _ 1901  W  Merchants  Exchange  Bldg.,  S.  F. 

5.  Wm.  B.  Daugherty _ 1901  W  Stockton,  California. 

6.  Cyril  Williams _ 1901  W  Care  City  Hall,  San  Francisco. 

8.  Norman  McLaren _ 1901  W  519  California  St.,  San  Francisco. 

11.  A.  Wenzelburger _ 1901  W  324  Foxcroft  Bldg.,  San  Francisco. 

12.  James  L.  Fields _ 1901  W  Claus  Spreckels  Bldg.,  San  Francisco. 

13.  John  J.  Rahill _ 1901  W  Cutter  Analytical  Laboratory,  6th  and 

Grayson  Sts.,  Berkeley. 

14.  Chas.  F.  Thompson _ 1901  W  Care  Jackson  Furniture  Co.,  13th  and  14th 

Sts.,  Oakland. 

15.  P.  A.  H.  Arata _ 1901  W  San  Luis  Obispo,  California. 

18.  Jos.  W.  Amrath _ 1901  W  200  5th  Aye.,  New  York. 

24.  W.  G.  Langdon _ 1901  W  228  William  St.,  New  York. 

29.  Wm.  C.  Mushet _ 1902  W  512  Union  League  Bldg.,  Los  Angeles. 

30.  Thomas  E.  Atkinson _ 1902  W  201  Sansome  St.,  San  Francisco. 

32.  John  F.  Foster _ 1902  W  2325  Larkin  St.,  San  Francisco. 

35.  Jos.  W.  Cavis _ 1902  W  11  East  Park,  Stockton,  California. 

38.  W.  R.  Blackman _ 1902  W  718  Hibernian  Bldg.,  Los  Angeles. 

39.  Edmond  H.  Spencer _ 1902  W  Bradbury  Bldg.,  Los  Angeles. 

40.  John  J.  Hassell _ 1902  W  845  Title  Insurance  Blag,  Los  Angeles. 

41.  John  R.  Ruckstell _ 1902  W  Claus  Spreckels  Bldg.,  San  Francisco. 

42.  John  Hoesch _ 1902  W  Sacramento,  California. 

48.  Percy  G.  Goode _ 1904  E  519  California  St.,  San  Francisco. 

52.  Henry  Laws  - 1904  E  304  Oak  Lawn  Ave.,  Pasadena. 

54.  Chas.  Y.  Rowe _ 1904  E  Claus  Spreckels  Bldg.,  San  Francisco. 

55.  Herbert  E.  Gibson _ 1904  E  234  Alamar  Ave.,  Santa  Barbara. 

56.  Francis  G.  Phillips _ 1904  E  406  Call  Bldg.,  San  Francisco. 

58.  Chas  E.  Cornell - 1904  E  Oakland  Bank  of  Savings  Bldg.,  Oakland. 

59.  Geo.  T.  Klink _ 1904  E  Oceanic  Bldg.,  San  Francisco. 

61.  Anson  Herrick _ 1904  E  Merchants  Exchange  Bldg.,  San  Francisco. 

63.  C.  M.  Miall _ 1905  E  Lewis  Bldg.,  Portland,  Ore. 

64.  John  F.  Forbes _ 1905  E  Crocker  Bldg.,  San  Francisco. 

65.  Walter  H.  Cramer _ 1905  E  268  Market  St.,  San  Francisco. 

66.  H.  Ivor  Thomas _ 1907  E  616  Higgins  Bldg.,  Los  Angeles. 

67.  W.  J.  Palethorpe _ 1907  E  II.  W.  Heilman  Bldg.,  Los  Angeles. 

69.  R.  W.  E.  Cole _ 1907  E  Van  Nuys  Bldg,,  Los  Angeles. 

71.  Stanley  Pedder _ 1908  E  First  Natl.  Bank  Bldg.,  San  Francisco. 

72.  James  F.  Smyth _ 1908  E  Merchants  Exchange  Bldg.,  San  Francisco. 

73.  William  Dolge _ 1908  E  311  California  St.,  San  Francisco. 

74.  Thos.  W.  Smyth _ 1908  E  1440  Broadway,  Oakland. 

75.  W.  D.  Ballantine _ 1908  E  212  Union  Oil  Bldg.,  Los  Angeles. 

76.  Frederic  M.  Lee _ 1908  E  485  California  St.,  San  Francisco. 

77.  Robert  S.  Guthrie _ 1908  E  Board  of  Trade  Bldg.,  Portland,  Ore. 

79.  C.  O.  B.  Murphy _ 1908  E  Grand  Rapids,  Michigan. 

80.  C.  P.  Chamberlain _ 1908  E  311  California  St.,  San  Francisco. 

82.  Alfred  P.  Robinson _ 1908  E  Crocker  Bldg.,  San  Francisco. 

83.  Joshua  Walker _ 1909  E  114  Sansome  St.,  San  Francisco. 

84.  Harry  J.  Cooper _ 1909  E  Oceanic  Bldg.,  San  Francisco. 

85.  Robert  E.  Brotherton _ 1909  E  322  Chronicle  Bldg.,  San  Francisco. 

86.  Alphonse  Sutter _ 1909  E  Nevada  Bank  Bldg.,  San  Francisco. 

87.  Henry  S.  Patterson _ 1909  E  Mills  Bldg.,  San  Francisco. 

88.  B.  W.  Bours _ 1910  E  Crocker  Bldg.,  San  Francisco. 


20  — 


89.  E.  M.  Shipley _ 1910  E 

90.  J.  B.  Hassett _ 1910  E 

91.  G.  A.  Baskerville - 1910  E 

93.  R.  L.  McCrea _ 1910  E 

94.  Reynold  E.  Blight _ 1910  E 

96.  A.  G.  Hopkinson _ 1912  E 

97.  J.  O.  Sully _ 1912  E 

98.  W.  P.  Musaus _ 1912  E 

99.  M.  H.  Bennett _ 1912  E 

100.  C.  S.  Black _ 1912  E 

102.  O.  T.  Johnson _ 1912  E 

103.  A.  M.  Loomis _ 1912  E 

104.  Harry  Probert _ 1912  E 

105.  Frederick  F.  Hahn _ 1913  E 

106.  J.  L.  Davis _ 1913  E 

107.  S.  S.  Barnard _ 1913  E 

108.  R.  R.  Kilroe _ 1914  R 

109.  Geo.  E.  H.  Satchell _ 1915  E 

110.  Myrtile  Gerf - 1915  E 

111.  Walter  C.°Wright - 1915  E 

112.  Addison  G.  Strong _ 1916  E 

113.  Walter  Hood _ 1916  E 

114.  C.  E.  Yan  Dame _ 1916  E 

115.  P.  C.  Davis _ 1916  E 

116.  H.  R.  Weile _ 1916  E 

117.  Hugh  O.  Fairlie _ 1917  E 

118.  A.  Yan  Oss _ 1917  R 

119.  J.  B.  Geijsbeek _ 1917  R 

121.  Ben  Morris _ 1917  R 

123.  J.  B.  Stiteler,  Jr _ ^__1917  E 

124.  C.  A.  H.  Narlian _ 1918  E 

125.  F.  Beveridge _ 1918  E 

126.  Wm.  Gardiner  - 1918  E 

127.  Francis  P.  Farquhar _ 1918  E 

128.  Wm.  P.  Field _ 1918  E 

129.  Roy  S.  Stone _ 1920  E 

130.  Geo.  Rea _ 1918  E 

131.  Harry  Dumville _ 1918  E 

132.  Winthrop  T.  Floyd _ 1918  E 

133.  A.  O.  Fullerton _ 1918  E 

134.  Charles  C.  Staehling___1918  E 

135.  W.  H.  Teasley _ 1918  E 

136.  Dorr  Austin  _ 1919  E 

137.  S.  Gundelfinger _ 1919  E 

138.  John  J.  Petty _ 1919  E 

139.  A.  D.  Macleod _ 1919  E 

140.  Gordon  Robb _ 1919  E 

141.  Fred  D.  Bullock _ 1919  E 

142.  Harold  A.  Kellogg _ 1919  E 

143.  Herbert  A.  Wheeler - 1919  E 

144.  Wm.  R.  Wright _ 1919  E 

145.  Judson  E.  Krueger _ 1919  E 

146.  Paul  Heymann _ 1919  E 

147.  II.  Edwin  Nowell _ 1919  E 

148.  A.  R.  Heron _ 1919  E 

149.  R.  M.  Fleming - 1919  E 

150.  Lewis  A.  Carman _ 1919  E 

151.  Willis  II.  Brown _ 1919  E 


324  Foxeroft  Bldg.,  San  Francisco. 

San  Francisco. 

703  Auditorium  Bldg.,  Los  Angeles. 

1162  5th  Ave.,  Los  Angeles. 

1020  Washington  Bldg.,  Los  Angeles. 
Merchants  Exchange  Bldg.,  San  Francisco. 
Merchants  Natl.  Bk.  Bldg.,  San  Francisco. 
605  Fay  Bldg.,  Los  Angeles. 

225  Central  Bldg.,  Los  Angeles. 

Title  Insurance  Bldg.,  Los  Angeles. 

347  Madison  Ave.,  N.  Y. 

630  Black  Bldg.,  Los  Angeles. 

432  Mills  Bldg.,  San  Francisco. 

Haas  Bldg.,  Los  Angeles. 

415  Investment  Bldg.,  Los  Angeles. 

Clunie  Bldg.,  San  Francisco. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 

311  California  St.,  San  Francisco. 

Clunie  Bldg.,  San  Francisco. 

H.  W.  Heilman  Bldg.,  Los  Angeles. 
Newhall  Bldg.,  San  Francisco. 

Newhall  Bldg.,  San  Francisco. 

Bumiller  Bldg.,  Los  Angeles. 

L.  C.  Smith  Bldg.,  Seattle,  Wash. 

1000  Union  St.,  San  Francisco. 

Crocker  Bldg.,  San  Francisco. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 
Foster  Bldg.,  Denver,  Colorado. 

1230  Foster  Bldg.,  Denver,  Colorado. 

815  Adams  St.,  Seattle,  Wash. 

208  So.  La  Salle  St.,  Chicago,  Ill. 
Bethlehem  Shipbldg  Corp.,  Union  Plan!, 
San  Francisco. 

948  Market  St.,  San  Francisco. 

Clunie  Bldg.,  San  Francisco. 

315  Horter  Bldg.,  Pi  y  Margail  7,  Havana. 
1315  S.  Flower  St.,  Los  Angeles. 

555  Summer  Ave.,  Newark,  N.  J. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 
First  Natl.  Bk.  Bldg.,  San  Francisco. 
Crocker  Bldg.,  San  Francisco. 

2527  Le  Conte  Ave.,  Berkeley. 

626  S.  Spring  St.,  Los  Angeles. 

625  Market  St.,  San  Francisco. 

State  Board  of  Control,  Sacramento. 
Merchants  Ex.  Bldg.,  San  Francisco. 

Van  Nuys  Bldg.,  Los  Angeles. 

Chronicle  Bldg.,  San  Francisco. 

441  Flood  Bldg.,  San  Francisco. 

9  Main  St.,  San  Francisco. 

1176  No.  Vermont  Ave.,  Los  Angeles. 

917  Citizens  Natl.  Bk.  Bldg.,  Los  Angeles. 
Crocker  Bldg.,  San  Francisco. 

Clunie  Bldg.,  San  Francisco. 

Crocker  Bldg.,  San  Francisco. 

State  Board  of  Control,  Sacramento. 

1507  Edith  St.,  Berkeley. 

Haas  Bldg.,  Los  Angeles. 

Heilman  Bldg.,  Los  Angeles. 


21  — 


« 


& 


152.  Thos.  D.  Colestock _ 1919  E 

153.  Leo  J.  Stephens - 1919  E 

154.  E.  G.  Wunner _ 1919  E 

155.  C.  M.  Dawson _ 1919  E 

156.  Bertha  L.  Aldrich _ 1920  E 

157.  John  F.  Horton _ 1920  E 

158.  M.  S.  Kelley _ 1920  E 

159.  E.  H.  Laughlin _ 1920  E 

160.  H.  M.  Thomson _ 1920  E 

161.  W.  J.  Robinson _ 1920  E 

162.  W.  A.  Salmon _ 1920  E 

163.  B.  H.  Hicklin _ 1920  E 

164.  L.  R.  Jacobson _ 1920  E 

165.  J.  L.  Pagen _ 1920  E 

166.  R.  J.  Leo _ 1920  E 

167.  E.  A.  Irwin _ 1920  E 

168.  Charles  Lumbard _ 1920  E 

169.  B.  D.  Mattingly _ 1920  E 

170.  Charles  P.  Rupp _ 1920  E 

171.  Wm.  M.  Smith _ 1920  E 

172.  T.  Noel  Bland _ 1920  E 

173.  J.  W.  Watson _ 1920  E 

174.  Ernest  E.  Godfrey _ 1920  E 

175.  J.  E.  Kinney _ 1920  E 

176.  Julius  W.  Paeske _ 1920  E 

177.  E.  J.  Aye _ 1920  E 

178.  Norman  L.  McLaren _ 1920  E 

179.  G.  A.  Gillin _ 1920  E 

ISO.  Victor  Aaron _ 1920  E 

181.  R.  G.  Dow _ 1920  E 

182.  Walter  K.  Mitchell _ 1920  E 

183.  Franklin  P.  Steed _ 1920  E 

185.  B.  F.  Garrett _ 1920  E 

186.  Harvey  J.  Stevenson _ 1920  E 

187.  Chas.  H.  Hubbell _ 1920  R 

188.  A.  E.  Hamilton _ 1920  R 

189.  Page  Lawrence _ 1920  R 

190.  Charles  S.  Ludlam _ 1920  R 

191.  Homer  A.  Dunn _ 1920  R 

192.  Howard  B.  Cook _ 1920  R 


438  Ninth  St.,  San  Francisco. 

State  Board  of  Control,  Sacramento. 
Merchants  Natl.  Bk.  Bldg.,  San  Francisco. 
Hobart  Bldg.,  San  Francisco. 

1306  Lexington  Ave.,  Pasadena. 

1204  Merchants  Natl.  Bk.  Bldg.,  Los 
Angeles. 

2191  Cambridge  St.,  Los  Angeles. 

1461  Mohawk  St.,  Los  Angeles. 

1020  Title  Ins  Bldg.,  Los  Angeles. 

2449  Brooklyn  Ave.,  Los  Angeles. 

920  Sixth  St.,  Sacramento. 

311  California  St.,  San  Francisco. 

216  Pine  St.,  San  Francisco. 

433  California  St.,  San  Francisco. 

1101  Crocker  Bldg.,  San  Francisco. 

1003  First  Natl.  Bk.  Bldg.,  San  Francisco. 
Capital  Natl.  Bank  Bldg.,  Sacramento. 
First  Natl.  Bk.  Bldg.,  San  Francisco. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 

First  Natl.  Bk.  Bldg.,  San  Francisco. 

119  N.  Normandie,  Los  Angeles. 

Fife  Bldg.,  San  Francisco. 

Central  Bldg.,  Los  Angeles. 

315  N.  El  Molino  Ave.,  Alhambra. 

519  California  St.,  San  Francisco. 

Crocker  Bldg.,  San  Francisco. 

Humboldt  Bk.  Bldg.,  San  Francisco. 

Black  Bldg.,  Los  Angeles. 

H.  W.  Heilman  Bldg.,  Los  Angeles. 

Van  Nuys  Bldg.,  Los  Angeles. 

2  Pine  St.,  San  Francisco. 

Black  Bldg.,  Los  Angeles. 

Westminster  Bldg.,  Chicago,  Ill. 

1227  Harper  Ave.,  Los  Angeles. 

Foster  Bldg.,  Denver,  Colo. 

469  Fifth  Ave.,  New  York. 

469  Fifth  Ave.,  New  York. 

469  Fifth  Ave.,  New  York. 


No.  Name. 

1 —  Alfred  George  Platt. 

2 —  Edward  E.  Bostwick. 
7— P.  M.  Scott. 

9 — Allen  Knight. 

17— W.  W.  Coons. 

19 — L.  Schumacher. 

27 — John  Crawford. 

31 — Julian  B.  Harries. 

33 — Francis  E.  Beck. 

37 — Colin  MacKenzie. 
47— Wm.  O.  Henn. 

50 — Ralph  de  Clairmont. 


IN  MEMORIAM. 

No.  Name. 

49— T.  T.  Atkinson. 

51— E.  B.  Bullock. 

62 — F.  B.  Jansen. 

68' — W.  F.  G.  Blaikie. 

70 — L.  H.  Greenhood. 

78 — Jas.  W.  Barber. 

81 — H.  M.  Brace. 

92— P.  J.  Dubbell. 

95 — Wm.  Mackendrick. 

122 — Wellington  F.  Draper. 
184 — Clarence  E.  Heald. 


ACT  OF  MARCH  23,  1901,  AND  AMENDMENT, 


An  act  to  create  a  State  Board  of  Accountancy  and  prescribe  its  duties  and  powers ; 
to  provide  for  the  examination  of  and  issuance  of  certificates  to  qualified  appli¬ 
cants,  with  the  designation  of  certified  public  accountant ;  and  to  provide  the 
grade  of  penalty  for  violations  of  the  provisions  hereof. 

(Approved  March  23,  1901.) 

The  people  of  the  State  of  California,  represented  in  senate  and  assembly,  do  enact 
as  follows: 

Section  1.  Within  thirty  days  after  the  passage  of  this  act  the  governor  shall 
appoint  five  persons,  at  least  three  of  whom  shall  be  competent  and  skilled  public 
accountants  who  shall  have  been  in  practice  as  such  in  this  state  for  not  less  than 
five  consecutive  years,  to  constitute  and  serve  as  a  state  board  of  accountancy.  The 
members  of  such  board  shall,  within  thirty  days  after  their  appointment,  take  and 
subscribe  to  the  oath  of  office  as  prescribed  by  the  Political  Code,  and  file  the  same 
with  the  secretary  of  state.  They  shall  hold  office  for  four  years,  and  until  their 
successors  are  appointed  and  qualified ;  save  and  except  that  one  of  the  members 
of  the  board  first  to  be  appointed  under  this  act  shall  hold  office  for  one  year;  one 
for  two  years ;  one  for  three  years,  and  two  for  four  years.  Any  vacancies  that 
may  occur  from  any  cause,  shall  be  filled  by  the  governor  for  the  unexpired  term ; 
provided,  that  all  appointments  made  after  the  first  year  must  be  made  from  the 
roll  of  certificates  issued  and  on  file  in  the  office  of  the  governor. 

Sec.  2.  The  state  board  of  accountancy  shall  have  its  office  in  the  city  and 
county  of  San  Franqisco,  and  its  powers  and  duties  shall  be  as  follows : 

1.  To  formulate  rules  for  the  government  of  the  board  and  for  the  examination 
of  and  granting  of  certificates  of  qualification  to  persons  applying  therefor ; 

2.  To  hold  written  examinations  of  applicants  for  such  certificates,  at  least  semi¬ 
annually,  at  such  places  as  circumstances  and  applications  may  warrant ; 

3.  To  grant  certificates  of  qualification  to  such  applicants  as  may,  upon  exam¬ 
ination,  be  found  qualified  in  “theory  of  accounts,”  “practical  accounting,”  “audit¬ 
ing,”  and  “commercial  law,”  to  practice  as  certified  public  accountants ; 

4.  To  charge  and  collect  from  all  applicants  such  fee,  not  exceeding  twenty-five 
dollars,  as  may  be  necessary  to  meet  the  expenses  of  examination,  issuance  of  cer¬ 
tificates  and  conducting  its  office ;  provided,  that  all  such  expenses,  including  not 
exceeding  five  dollars  per  day  for  each  member  while  attending  the  sessions  of  the 
board  or  conducting  examinations,  must  be  paid  from  the  current  receipts,  and  no 
portion  thereof  shall  ever  be  paid  from  the  state  treasury ; 

5.  To  require  the  annual  renewal  of  all  such  certificates,  and  to  collect  therefor 
a  renewal  fee  of  not  exceeding  one  dollar ; 

6.  To  revoke  for  cause  any  such  certificate,  after  written  notice  to  the  holder,  and 
a  hearing  being  had  thereon ;  provided,  that  such  revocation  must  receive  the 
affirmative  vote  of  at  least  four  members  of  the  board ; 

7.  To  report  annually  to  the  governor,  on  or  before  the  first  day  of  December,  all 
such  certificates  issued  or  renewed,  together  with  a  detailed  statement  of  receipts 
and  disbursements  ;  provided,  that  any  balance  remaining  in  excess  of  the  expenses 
incurred  may  be  retained  by  the  board  and  used  in  defraying  the  future  expenses 
thereof ; 

8.  The  board  may,  in  its  discretion,  under  regulation  provided  by  its  rules,  waive 
the  examination  of  applicants  possessing  the  qualifications  mentioned  in  section 
three,  who  shall  have  been  for  more  than  three  years  prior  to  the  passage  of  this 
act  practicing  in  this  state  as  public  accountants  on  their  own  account,  and  who 
shall,  in  writing,  apply  for  such  certificates  within-  one  year  thereafter. 

Sec.  3.  Any  citizen  of  the  United  States,  or  any  person  who  has  duly  declared 
his  intention  of  becoming  such  citizen,  residing  and  doing  business  in  this  state, 


being  over  the  age  of  twenty-one  years  and  of  good  moral  character,  may  apply 
to  the  state  board  of  accountancy  for  examination  under  its  rules,  and  for 
the  issuance  to  him  of  a  certificate  of  qualification  to  practice  as  a  certified  public 
accountant,  and  upon  the  issuance  and  receipt  of  such  certificate,'  and  during  the 
period  of  its  existence,  or  of  any  renewal  thereof,  he  shall  be  styled  and  known  as 
a  certified  public  accountant  or  expert  of  accounts,  and  no  other  person  shall  be  per¬ 
mitted  to  assume  and  use  such  title  or  to  use  any  words,  letters  or  figures  to  indi¬ 
cate  that  the  person  using  the  same  is  a  certified  public  accountant. 

Sec.  4.  Any  violation  of  the  provisions  of  this  act  shall  be  deemed  a  mis¬ 
demeanor. 

Sec.  5.  This  act  shall  take  effect  from  and  after  its  passage. 

RECIPROCITY  AMENDMENT,  1913. 

Sec.  3a.  Any  citizen  of  the  United  States,  or  any  person  who  has  declared  his 
intention  of  becoming  such  citizen,  being  over  the  age  of  twenty-one  years  and  of 
good  moral  character,  who  has  complied  with  the  rules  and  regulations  of  the  board 
appertaining  to  such  cases,  and  who  holds  a  valid  and  unf".voked  certificate  as  a 
certified  public  accountant,  or  the  equivalent  thereof,  issued  vy  or  under  the  author¬ 
ity  of  any  other  state  of  the  United  States,  or  the  District  of  Columbia,  or  any 
territory  of  the  United  States,  or  by  or  under  the  authority  of  a  foreign  nation,  when 
the  board  shall  be  satisfied  that  their  standards  and  requirements  for  a  certificate 
as  a  certified  public  accountant  are  substantially  equivalent  to  those  established  by 
the  act  of  wThich  this  act  is  an  amendment,  may  at  the  discretion  of  the  board 
receive  a  certificate  as  a  certified  public  accountant,  and  such  person  may  thereafter 
practice  as  a  certified  public  accountant  and  assume  the  name,  title  and  style  of 
“certified  public  accountant’  or  any  abbreviation  or  abbreviations  thereof,  in  the 
State  of  California ;  provided,  however,  that  such  other  state,  territory  or  nation, 
extends  similar  privileges  to  certified  public  accountants  of  the  State  of  California. 


3  0112  072403451 


INDEX. 


Page 


The  Function  of  tii^t  Public  Accountant _  4 

Examination  Requirements. 

Theory  of  Accounts -  6 

Practical  Accounting  -  6 

Auditing  - -4 -  6 

Commercial  Law  -  S 

Specimen  Questions. 

Auditing  _  9 

Commercial  Law - - -  9 

Accounting  Theory  and  Practice -  10 

Bibliography  _  11 

Rules. 

Examinations  of  Candidates -  13 

Licensed  Certified  Public  Accountants -  14 

Petitions  for  Revocation  of  Certificates -  15 

Applications  Under  Reciprocity  Clause _  16 


List  of  Registered  Certified  Public  Accountants  in  Force  September 


1,  1920  _ _ _  19 

Act  of  March  23,  1901,  and  Amendment. _i _  22 


o 


6410  10-20  2000 


